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Medical Malpractice Insurance > Earned Premium
The following information is about Earned Premium.
Earned Premium Defined
The portion of premium that applies to an actual coverage period. Insureds usually pay a calendar quarter or more in advance of the actual coverage period; the advance payment is initially unearned and becomes earned incrementally during the ensuing coverage period.
This definition is in context to Medical Malpractice Insurance. See more contextual defintions for Earned Premium.
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- A9 > Earned Premium
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